Billionaire Mark Cuban stated that the US Securities and Exchange Commission (SEC) regulations will be a potential nightmare for the cryptocurrency industry.
Billionaire Mark Cuban, Senator Pat Toomey about the fraud case against former Coinbase Product Manager Ishan Wahi and two others in criticism in response to his tweet SEC regulations potential for the cryptocurrency industry. nightmare expressed its nature.
Senate Banking Committee senior member Toomey about the event21, the SEC’s response to how and why certain coins are classified as securities. have a clear vision is an excellent example of being did not find it appropriate to explain expressed.
The senator is also in violation of the law. support the prosecution however, the SEC’s regulation and enforcement approach to digital assets should be applied to all those seeking to comply with existing laws and regulations. poses a challenge for bona fide entrepreneurs., before execution He said that ensuring regulatory clarity would benefit regulators and investors alike.
Mark Cuban if the Senator under your post;
Do you think this is bad? Wait until you see what they will ask for the registration of the coins. This is the nightmare that awaits the crypto industry. How else do you employ thousands of lawyers and make more excuses?
commenting on the SEC’s extra income and workload crypto regulations for heavy and tedious He said he thought he would.